[vc_row][vc_column][vc_column_text] A blast from the past, the use of QR codes has jettisoned back into tech stardom recently, particularly in Asia. With Apple’s announcement that its new iOS11 will support QR codes directly, many small businesses will be jumping for joy!   In iOS11, the camera will directly support the ability to scan and interact […]

[vc_row][vc_column][vc_column_text] Xero is changing their billing method Xero are starting to transition to a new billing system which will mean more payment options and flexibility in the future. If you think this may affect you. Below we have listed some scenarios from the Xero website. “You want to cancel a subscription with Xero From the 1st […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: Search for contacts when entering transacations”][vc_single_image image=”13143″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]Use Xero’s advanced contact search when you’re entering transactions. Simply enter at least 3 key letters of your contact’s name. For example, if you want to find one of your taxi contacts, enter ‘taxi’ and all your contacts containing taxi in their name appear. […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: Reporting purchases of capital items with the wrong tax code”][vc_single_image image=”13142″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]If you purchase a business asset costing more than $1000, you need to report these in G10 under capital purchases in the BAS and not G11. If in doubt, check with your accountant. To find out more about Xero and […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: How to speed up your xero login”][vc_single_image image=”13141″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]To speed up logging into Xero by only having to enter a password, replace the upper case characters with your Xero login address, then save as a browser or desktop bookmark. https://login.xero.com/?username=REPLACE_WITH_YOUR_USERNAME To find out more about Xero and how it can help […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: Incorrect tax codes in your chart of accounts”][vc_single_image image=”13139″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]Tax Codes I would advise you to ask your accountant to provide a default chart of accounts or ask a BAS agent to set up your tax codes before you begin using your online accounting software. To find out more about Xero […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: Including wages and superannuation in G11 as a purchase”][vc_single_image image=”13138″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]You are to report wages in W1 on your BAS statement. They are not an expense to be included in G11, which is for non-capital purchases. Superannuation is not required to be included as part of your gross wage in W1. […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: Forgetting to include all cash sales and purchases”][vc_single_image image=”13137″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]Forgetting to include cash sales and purchases. You can get into a lot of trouble if you discount the GST when receiving payments by cash. The ATO has a sophisticated process of cross-matching data, especially in the building and construction industry where […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: How to find voided items”][vc_single_image image=”13136″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]Finding Voided Items – Cloud Tips Xero To find all voided items, invoices, bills and credit notes, go to either Purchases or Sales as appropriate and select the All tab. Click on the Status column header twice to get a reverse alphabetical list by status which […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtips: Accidental ‘double dipping’ on GST”][vc_single_image image=”13135″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]Stop “double dipping” on GST! Many business owners make mistakes in the Hire Purchase/Lease of Vehicle of Plant or Equipment area of the BAS. Initially, the client (or their accountant) will claim the full GST component in the first quarter that they purchase their vehicle. […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: How to add a Xero desktop shortcut”][vc_single_image image=”13134″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]To add a shortcut to the Xero login page to your desktop, go to the login page in your browser and drag the small round Xero icon in the URL or web address bar at the top of the browser out onto your […]

[vc_row][vc_column][vc_custom_heading text=”#cloudtip: Claiming on GST for private purchases”][vc_single_image image=”13133″ img_size=”medium” add_caption=”yes” alignment=”center”][vc_column_text]Items like personal loans, director’s fees and any other purchase for private consumption cannot have the GST credit collected on your BAS Statement. To find out more about Xero and how it can help your business, contact Bottrell Business Consultants on (02) 4933 6888 […]